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Energy minister: GACH effects royalty payment of over US$1M

Feb 24, 2022, 11:24 AM | Article By: Ismaila Sonko

Fafa Sanyang, the minister of Petroleum and Energy has told the lawmakers that the mining operations of heavy mineral sand concentrate by GACH Company effected royalty payment of US$1,483,816.59 (One million, four hundred and eight-three thousand, eight hundred and sixteen US dollars fifty-nine cents).

 

Mr. Sanyang made this revelation while responding the questions from the lawmakers at parliament on Wednesday.

"Other benefits are corporate income tax payments, training and institutional support to the Geological Department in accordance with provisions of the mining licence," he said.

Mr. Sanyang added that royalty accrued from quarrying operations of sand and gravel amounts to D162, 869, 786 (One hundred and sixty two million, eight hundred and sixty nine thousand, seven hundred and eight-six dalasis).

According to him, the financial benefits to the state mining and quarrying activities also create employment opportunities such as transportation, development of small and medium size businesses as well as corporate social responsibilities.

Responding to Hon. Halifa Sallah’s concern about erratic water in Serekunda, Energy Minister Sanyang said the area is supplied from the Serekunda system and is part of the French Development Agency (AFD) water supply and sanitation in Greater Banjul Areas (GBA) WASIB amounting to 16.5 million Euro.

He added that there would be works implemented that would assist in the improvement of water supply within Serekunda especially the Jan-Jan area.

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